Question: Prepare the Comparative Statements (Horizontal) from the following income statement and balance sheet of Day Dreaming Company for the year ending 2015 and 2016. Then, Comment on the results. Note: Use the format listed in the sheet answer listed below: Income statement Items 2015 (5000) Net sales 900 Cost of goods sold 650 Selling expenses 20 Administrative expenses 40 Net profit 190 2016 (5000) 1,050 850 20 40 140 Balance sheet Items 2015 (S000) 2016 (5000) Cash Merchandise inventory Furniture 450 490 400 500 300 340 Land 300 300 Buildings 500 470 Plant 400 470 Total assets 3,350 2,570 Accounts payable 150 200 Notes payable 250 275 Tax payable 150 200 Debentures 300 350 Reserves 400 445 6% preferred stock capital 500 500 Common stocks capital 600 Total L& SH Equity 2,350 600 2.570